Don Barden becomes. First black to own a National Casino Company
Jet, Jan 7, 2002
Noted businessman Don H. Barden, owner of the Majestic Star Casino in Indiana, recently, became the country's first Black to wholly own a national casino company.
His casino company has completed its acquisition of three Fitzgeralds casinos located in Tunica, MS, Black Hawk, CO, and Las Vegas. Majestic Star and its affiliates now officially own and operate four casinos, including its first casino, the Majestic Star Casino in Gary, IN.
Majestic Star purchased the three Fitzgeralds casinos for approximately $149 million in cash plus the assumption of certain liabilities.
"It's exciting to be making history with this endeavor," Barden said. "Our success in Gary has made this acquisition possible. Fitzgeralds is a perfect match for our company, and I look forward to growing this new company beyond what it is today."
Majestic Star will retain the Fitzgeralds brand name.
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